David Keller - Benzinga

David Keller

Benzinga Contributor

About David Keller

David Keller, CMT is Chief Market Strategist at StockCharts.com and President of Sierra Alpha Research LLC, where he helps investors make better decisions using behavioral finance and technical analysis. He is the host of The Final Bar, the daily closing bell show on StockCharts TV, and he relates mindfulness techniques to investor decision making in his blog, The Mindful Investor. Dave is a Past President of the CMT Association, a global nonprofit organization of technical analysts, and was formerly a Managing Director of Research at Fidelity Investments. David is a classically trained musician and student pilot, and resides in Duvall, WA with his wife and two children.

Articles by David Keller

2024 Is Shaping Up Much Like 2021, A Year That Ultimately Did Not Conclude Well

2024 Is Shaping Up Much Like 2021, A Year That Ultimately Did Not Conclude Well

I’ve always found technical analysis to be a fantastic history lesson for the markets. If you want to consider how the current conditions relate to previous market cycles, just compare the charts and you usually have a pretty good starting point for the discussion.

Why the S&P 500 May Struggle To Break The $6000 Barrier Anytime Soon (And What It Means For Investors)

Why the S&P 500 May Struggle To Break The $6000 Barrier Anytime Soon (And What It Means For Investors)

When I was growing up, I loved Choose Your Own Adventure books. I see the world in shades of gray instead of black-and-white, so I was immediately drawn to the seemingly endless scenarios that the main characters could experience as I made different choices for them.

How Widespread Is Market Weakness? Examining Whether The Market Has Bad Breadth

How Widespread Is Market Weakness? Examining Whether The Market Has Bad Breadth

As a bull market reaches an exhaustion point, market breadth indicators often tend to diverge from the price action of the benchmarks. This "breadth divergence" occurs as leading names begin to falter, and initial selling drives some stocks down to new swing lows.

October 2024's Top 10 Charts You Can't Miss: Market Trends Every Investor Should Know

October 2024's Top 10 Charts You Can't Miss: Market Trends Every Investor Should Know

As we near the end of what has been a fairly solid Q3 for the equity markets, we are left with the eternal question for investors: “What’s next?”

Rate Cuts: Good News Or Bad News For Stocks? Let's Dive Into The Bullish And Bearish Sides

Rate Cuts: Good News Or Bad News For Stocks? Let's Dive Into The Bullish And Bearish Sides

So the first Fed rate cut is behind us, and we are no longer in a “higher for longer” period, but in a new rate cut cycle which will most likely last well into 2025. So that’s good news for stocks, right? Well, not necessarily.

Limited Upside As Investors Await First Fed Cut: Here's My Most Likely Scenario For QQQ

Limited Upside As Investors Await First Fed Cut: Here's My Most Likely Scenario For QQQ

While the S&P 500 finished the week once again testing new all-time highs around 5650, the Nasdaq 100 remains rangebound in a symmetrical triangle or “coil” pattern. While this pattern does not necessarily suggest a potential next move for the QQQ, it did lead me to think about four different scenarios that could play out over the next six to eight weeks.

The One Chart To Watch As S&P 500 Makes New All-Time Highs

The One Chart To Watch As S&P 500 Makes New All-Time Highs

As the S&P 500 and Nasdaq 100 have once again made new all-time highs, and the Dow Jones Industrial Average has briefly broken above the 40,000 level for the first time, how should we think about further upside for our equity benchmarks?

Three Breadth Indicators To Confirm A Bullish Market Trend Or Any Sign Of Trend Exhaustion

Three Breadth Indicators To Confirm A Bullish Market Trend Or Any Sign Of Trend Exhaustion

There’s no denying the strength the major averages have displayed off their April lows. The S&P 500 finished last week within a rounding error of the previous all-time high around 5250. What would it take for the SPX and NDX to power to new all-time highs in May?

The Bull Case For Buffett's Biggest Holding As Investors Hold Their Annual Meeting

The Bull Case For Buffett's Biggest Holding As Investors Hold Their Annual Meeting

As investors flock to Omaha, Nebraska, in their annual pilgrimage to learn from the great Warren Buffett, it seemed an opportune time to reflect on the technical evidence for Berkshire’s biggest holding, Apple (NASDAQ: AAPL).

S&P 500 Makes A New All-Time High By End Of June? Outlining Four Potential Scenarios Through End Of Q2

S&P 500 Makes A New All-Time High By End Of June? Outlining Four Potential Scenarios Through End Of Q2

We’ve been covering the signs of weakness for stocks, from the bearish divergences in March, to the mega cap growth stocks breaking through their 50-day moving averages, and even the dramatic increase in volatility often associated with major market tops.

S&P 500 Flashes Major Topping Signals- Is This The End Of the Great Bull Market Of 2024?

S&P 500 Flashes Major Topping Signals- Is This The End Of the Great Bull Market Of 2024?

Toward the bottom of my Mindful Investor LIVE ChartList, there is a series of charts that rarely generate signals.

Key Volatility Indicator Flashes Bear Signal- Is This The Beginning Of The End For The Bull Market?

Key Volatility Indicator Flashes Bear Signal- Is This The Beginning Of The End For The Bull Market?

The VIX ended last week just above 16, bringing it to its highest level in 2024. What does this tell us about investor sentiment, and how does this compare to previous market cycles?

Which Magnificent 7 Stock Would You Pick for Q2? Using the Single Stock Portfolio Approach to Identify Future Winners

Which Magnificent 7 Stock Would You Pick for Q2? Using the Single Stock Portfolio Approach to Identify Future Winners

This article represents an exercise I like to call the “Single Stock Portfolio”. You can only own one stock in your portfolio for the next three months, and you can pick any one of the following eight stocks. Which one would you select, and why?

What's The Downside Risk For QQQ? Playing A Leadership Rotation From Growth To Value

What's The Downside Risk For QQQ? Playing A Leadership Rotation From Growth To Value

The Nasdaq 100 ETF (NASDAQ: QQQ) is beginning to show further signs of deterioration, from bearish momentum divergences between price and RSI to weakening breadth using the Bullish Percent Index. How can we determine whether a pullback could turn into something more disastrous for stocks? Let’s look at how t

Bearish Engulfing Pattern Marks Top For Nvidia? Candle Patterns Suggest Dangerous Waters For Leading Growth Stocks

Bearish Engulfing Pattern Marks Top For Nvidia? Candle Patterns Suggest Dangerous Waters For Leading Growth Stocks

Large cap growth stocks have been outperforming for quite some time, with semiconductors perhaps the most representative of the strength of that trade in recent months. In fact, the semiconductor ETF (NASDAQ: SMH) finished last week up 29% year-to-date, far outpacing the S&P 500 and Nasdaq 100 which are both up abou

Will Growth Stocks Fall Victim To Seasonal Weakness? Breaking Down Four Potential Scenarios For QQQ

Will Growth Stocks Fall Victim To Seasonal Weakness? Breaking Down Four Potential Scenarios For QQQ

We’ve highlighted all the warning signs as this bull market phase has seemed to be nearing an exhaustion point. We shared bearish market tells, including the dreaded Hindenburg Omen and how leading growth stocks have been demonstrating questionable patterns. But despite all of those signs of market exhaustion, our growth-led benchmarks

Meta, Amazon, And Netflix: Will These Three Leading Growth Stocks Hold Gap Support?

Meta, Amazon, And Netflix: Will These Three Leading Growth Stocks Hold Gap Support?

After a remarkably bullish January, which continued the strong market action in November and December, February has had a distinctly different feel. But while breadth conditions have certainly become less bullish than they were at year-end 2023, and the Hindenburg Omen has announced a potential end to the bullish phase, the growth leadership names

Beware The Hindenburg Omen: A Famous Indicator At Market Tops Registers Bearish Signal For S&P 500

Beware The Hindenburg Omen: A Famous Indicator At Market Tops Registers Bearish Signal For S&P 500

The S&P 500 shall heretofore be known as an index that has broken the incredible 5,000 level. That alone is a pretty amazing milestone for a benchmark that was down around 3500 just over a year ago! But another significant signal may be developing as well, the dreaded Hindenburg Omen. What is the Hindenburg Omen, and what does it actually represent?

Tesla Tests A Confluence Of Support, Suggesting Short-Term Upside: But Is This A Trade? Or An Investment?

Tesla Tests A Confluence Of Support, Suggesting Short-Term Upside: But Is This A Trade? Or An Investment?

There is no denying that Tesla Inc. (NASDAQ: TSLA) has been a big-time outlier out of the Magnificent 7 stocks. While names like Meta Platforms, Inc.

Magnificent 7 Stocks: Are These Leading Growth Names Overheated, Or Are They Just Getting Started?

Magnificent 7 Stocks: Are These Leading Growth Names Overheated, Or Are They Just Getting Started?

One of the key themes, if not THE theme of 2023, was the dominance of the mega cap growth trade. The Magnificent 7 stocks handily outperformed our equity benchmarks through the course of 2023, and so far in 2024, it’s been more of the same.